Update December 28, 2020: Members of the executive committee were happily surprised by the brisk dues contributions during the past five months. As of Dec. 28, 223 payments had been received from 198 classmates, 25 class widows and 3 honorary classmates. There were also 71 gifts to the Class Foundation. By the same date last year, 222 dues returns had been recorded along with 84 foundation gifts. Because of this vigorous response as well as fewer expenses this year, there is no need to increase the dues to $65 on Jan.1; requested contributions will remain $55.00.
The fiscal year 2019-20 ended on June 30. Although not quite as outstanding as last year, 59% of our 388
active classmates paid their dues. This participation rate exceeds the response of most younger, less forgetful classes. Not included in that number are the 19 class widows who also paid the dues fee in full. Along with the dues returns there were 92 contributions to The Class of 1955 Foundation totaling $13,825.00. This includes five gifts from widows. (For a full report, go to Finances on the Administration page.)
On March 21, the COVID-19 pandemic necessitated the cancellation of Reunions, making last years dues contribution of $55.00 fully tax deductible. Gifts to the Class of 1955 Foundation remain 100% deductible.
As a reminder, July 1 through June 30 is our fiscal year. Most classmates promptly return the dues card with their payment when they receive the first notice in September. For the early birds, class dues for FY 2020-21 are $55.00 After Dec. 31, the fee will be $65.00 . As in the past, some classmates' enthusiasm outstrips their accounting skills and they send in their dues twice. Their duplicate checks will be contributed to The Class of 1955 Foundation which aids '55ers who have fallen on hard times. Class dues and Foundation gifts are fully tax deductible.
Class dues should not be confused with Annual Giving. Dues are deposited in the Class of 1955 bank account and are used strictly for class activities. Donations to Annual Giving go into the University's general fund. Most classmates contribute to both.
Fiscal Year 2020-21 opens with our class bank account at a somewhat meager $11,817.73. Dues enable many class events:
- PAW subscriptions for all classmates and widows.
- Printing and mailing correspondence.
- Alumni Council Dues
- Class awards
- Website - www.Princeton55.org
- 2019-20 update of the Class Directory
- Preparation and preliminary expenses for our postponed 65th Reunion
Other events, which are self-supporting and not funded from the class treasury, include The Class of 1955 Foundation, Annual Giving, Princeton AlumniCorps (formerly Princeton Project 55), Fifty Five Fund for Senior Thesis Research, major reunions, receptions, dinners and class trips. We hope to include you in any or all of these activities.
Dues requests are mailed early in September along with the President's letter, again in November and in February. You may pay by check, major credit card or online. Please return your dues card so that we can avoid sending follow up notices to those who have already responded. When the system breaks down and someone gives twice, the duplicate payments are donated to The Class of 1955 Foundation.
Your financial contributions as well as your suggestions for additional activities are most welcome.
If you have misplaced your dues card or the return envelope, you can send your check to:
Class of 1955 Princeton University - Dues
c/o 1st Constitution Bank
P.O. Box 634
Cranbury, N.J. 08512-0634
You are also able to pay your dues online. To do so, click the button below.